Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Update

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 36,000 shares, an increase of 68.2% from the February 28th total of 21,400 shares. Based on an average daily trading volume, of 46,700 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Sprott Focus Trust Price Performance

Shares of NASDAQ FUND traded down $0.10 during trading hours on Friday, hitting $7.36. 49,068 shares of the company’s stock were exchanged, compared to its average volume of 36,797. The company’s 50-day moving average price is $7.52 and its 200-day moving average price is $7.65. Sprott Focus Trust has a 1-year low of $7.15 and a 1-year high of $8.23.

Sprott Focus Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.1305 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 7.09%.

Insider Activity

In other news, Portfolio Manager W Whitney George bought 106,939 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the acquisition, the portfolio manager now directly owns 7,813,063 shares of the company’s stock, valued at $56,800,968.01. The trade was a 1.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 50.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprott Focus Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FUND. Sprott Inc. grew its position in Sprott Focus Trust by 2.3% in the 4th quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider’s stock worth $108,080,000 after purchasing an additional 327,932 shares during the last quarter. LPL Financial LLC grew its position in Sprott Focus Trust by 179.0% during the fourth quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider’s stock worth $2,839,000 after buying an additional 248,980 shares in the last quarter. Hara Capital LLC acquired a new stake in Sprott Focus Trust during the fourth quarter worth about $582,000. Wolverine Asset Management LLC increased its stake in Sprott Focus Trust by 38.8% during the fourth quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider’s stock valued at $1,379,000 after acquiring an additional 52,645 shares during the period. Finally, 1607 Capital Partners LLC raised its holdings in Sprott Focus Trust by 20.4% in the 4th quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider’s stock valued at $2,268,000 after acquiring an additional 52,590 shares in the last quarter. Institutional investors own 12.63% of the company’s stock.

About Sprott Focus Trust

Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.